Insolvenz bei Fahrradbauer: Fahrrad-Gruppe stellt Insolvenzantrag
Betroffen sind Marken wie Winora und Haibike. Geschäftsführung und Sanierer glauben jedoch an eine Zukunft.
Three well-known bicycle companies based in Bavaria have filed for insolvency due to the difficulties faced by their Dutch parent company. The District Court of Schweinfurt confirmed on Monday that proceedings for self-administration were initiated for the German holding company of the Dutch Accel Group, as well as its subsidiaries Winora Staiger GmbH, Ghost Bikes GmbH, and Engelbert Wiener Bike-Parts GmbH. Nuremberg lawyer Stefan Debus has been appointed as the provisional administrator.
Prominent brands such as Haibike, Winora, and Ghost are affected by the insolvency of these companies. Accell reported that the companies employ 370 people at their locations in Sennfeld near Schweinfurt and Waldsassen in Upper Palatinate, and generated €340 million in revenue in 2025. The business operation is expected to continue, with salaries and wages initially protected until a liquidator is found. The goal is to find an investor to separate the German companies from the Dutch group.
Winora has a long history, having been founded in 1914 by cyclist Engelbert Wiener. Accell Germany is currently part of the Accell Group, a Netherlands-based company operating in many European countries and majority-owned by US investor KKR. The bicycle group is struggling internationally due to a decline in bicycle sales, a trend that began during the COVID-19 pandemic and has continued beyond its peak.
Efforts to sell the entire Accell Group as a structured process have failed since the beginning of the month. As a result, the Accell Group has filed for insolvency in various countries worldwide, including the Netherlands, Germany, France, Italy, Spain, Belgium, Denmark, Finland, Norway, Sweden, and Hungary.
The self-administration process allows the existing management to manage the revitalization process in coordination with creditors. The German bicycle market is considered a solid foundation for a rescue, according to the office of the provisional administrator. The brands are well-positioned in the market.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
